This document outlines the process that occurs when a payment method is updated in Stripe, as well as the functionality of Stripe's smart retry logic for payment collection.

When the payment method is updated, Stripe will immediately initiate its process to collect all outstanding payments. This ensures that any pending transactions are addressed promptly, minimizing the risk of payment failures.

It is important to note that there is no option to manually trigger a retry for payment collection. Stripe employs a "smart retry" logic designed to optimize the success rate of payment collection attempts. This system intelligently determines the best times to retry failed payments, taking into account various factors to enhance the likelihood of successful transactions.